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Please obtain the annual report (or 10-K) of any publicly traded company. You may not use a database service that provides financial statement data; you
Please obtain the annual report (or 10-K) of any publicly traded company. You may not use a database service that provides financial statement data; you must use original financial statements. Attach a PDF document of only the financial statements needed, in addition to a separate PDF of the whole annual report. Highlight the relevant lines and accounts on the financial statements.
1. Choose any publicly traded company other than Apple. Company name:
2. Obtain the most recent annual report or 10K. Must be fiscal year 2019 or later. Max 1 point for earlier years. Attach the full annual report (attachment 1)
3. Generate a PDF of only the income statement and statement of comprehensive income (attachment 2).
4. What was net income for the most recent year? Answer and highlight or circle on the income statement. Be sure to include dollar signs and indicate whether amounts or in millions.
5. What was comprehensive income for the most recent year? Answer and highlight or circle on the statement of comprehensive income.
6. What was other comprehensive income for the year? Answer and highlight or circle on the statement of comprehensive income.
7. Based on your previous three answers, complete the following
Net Income
Plus: OCI
equals: Comprehensive Income
8. What was the biggest component (in absolute terms) of OCI?
9. Explain, guess, or present a rationale why this item is included in OCI rather than net income? In other words, what is the rationale of the Financial Accounting Standards Board (FASB) in carving out a special place on the financial statements for this item?
10. Optional: Additional comments or observations on what you have learned.
This is it it seems like a lot but its not its only a few answering questions
attach a picture of the final please
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